Write the journal entries for the following for the General Fund and the Governmental Activities at the government-wide level (if applicable):

(List of accounts are at the bottom for each General Fund and Government-wide)

1) Property taxes were levied in the amount of $7,075,000. It is estimated that 4 percent of the tax will be uncollectible.

2) Tax anticipation notes were issued in the amount of $500,000

3) Purchase orders, contracts, and other commitment documents were issued in the following amounts for the following functions:

General Government	$ 395,000
Public Safety	1,095,000
Public Works	985,750
Health and Welfare	665,725
Culture and Recreation	625,125
Miscellaneous	98,000
Total	$3,864,600

Include a Detailed Journal for Purchase Orders.

4) Grant funds of $30,000 recorded as Deferred Inflows of Resources at the end of FY 2019 were recognized as revenue when timing requirements were met. At the government-wide level the grant funds can be recognized as a revenue now that all eligibility requirements have been met and should be classified as Program Revenues-Culture and Recreation-Operating Grants and Contributions.

5) The General Fund paid $165,000 on the vouchers payable that were outstanding at the end of FY 2019.

6) The General Fund collected the following amounts in cash:

Current year Real Property Taxes $6,484,000

Delinquent Taxes 348,000

Interest and Penalties Receivable on Taxes 23,860

Sales Taxes 748,000

Licenses and Permits 479,000

Fines and Forfeits 519,000

Intergovernmental Revenues 515,000

Charges for Services 361,000

Miscellaneous Revenues 226,500

Total $9,704,360

Record the receipt of cash and the related credits to receivables and revenues accounts, as applicable, in both the General Fund and governmental activities journals. For governmental activities at the government-wide level, all Licenses and Permits and Charges for Services were attributable to the General Government function as Program Revenue-Charges for Services. Fines and forfeits were collected by General Government departments in the amount of $200,000 and by Public Safety departments in the amount of $319,000. Intergovernmental Revenues should be credited to Program RevenuesGeneral GovernmentOperating Grants and Contributions. (In addition to the cash collection, remember to recognize revenue in the General Fund for the delinquent taxes and interest and penalties collected by reducing the deferred inflows of resources balance. These revenues were not expected to be collected within 60 days of year-end, thus they were not considered available under the modified accrual basis of accounting and were classified as Deferred Inflows of Resources in the General Fund.

7) The General Fund paid the $22,400 reported as Due to Other Funds at the end of FY 2019. This amount was reported as Internal Payables to Business -type Activities at the government-wide level. Do not record this transaction in the Water Utility Fund.

8) Delinquent taxes receivable in the amount of $18,000 were written off as uncollectible. Interest and penalties accrued on these taxes in the amount of $1,300 were also written off. Record the writeoffs in both the General Fund and governmental activities general journals.

9)

General Fund payrolls for the year totaled $5,673,038. Of that amount, $867,975 was withheld for employees' federal income taxes; $964,416 for federal payroll taxes; $324,551 for employees state income taxes; $357,312 for retirement funds administered by the state government; and the remaining $3,158,784 was paid to employees in cash. The City of Bingham does not record encumbrances for payrolls. The payrolls were chargeable against the following functions appropriations:

General Government $ 1,500,376

Public Safety 2,531,644

Public Works 790,481

Health and Welfare 401,673

Culture and Recreation 448,864

Total $5,673,038

Make summary journal entries for payroll in both the General Fund and governmental activities general journals for the year.

10) Invoices for some of goods and services ordered in transaction 3 were received and vouchered for later payment. Show "Elimination" from Detailed Journal:

Actual

General Government $ 395,940

Public Safety 1,086,650

Public Works 962,300

Health and Welfare 661,200

Culture and Recreation 613,750

Miscellaneous 98,000

Totals $3,817,840

Record the receipt of these goods and the related vouchers payable in both the General Fund and governmental activities journals. At the government-wide level, you should assume the city uses the purchases inventory method. Thus, the invoiced amounts above should be recorded as expenses of the appropriate functions, except for $75,000 of playground equipment ordered by Culture and Recreation. The equipment meets the citys threshold for capitalization (debit Equipment for this item at the government-wide level). Record expenditures charged to the miscellaneous appropriation as General Government expenses at the government-wide level.

11) The General Fund paid vouchers during the year in the amount of $3,210,000 as well as its liabilities for employees federal and state income taxes withheld and payroll taxes.

12) The General Fund transferred $50,000 to the debt service fund so the debt service fund could make a bond interest payment. Record this transaction in the General Fund only. The transaction has no effect at the government-wide level since it occurs between two governmental activities. Do not record this transaction in the debt service fund.

13) Tax anticipation notes issued by the General Fund were paid at maturity at the face amount plus interest of $10,000. Record the payment of these items in both the General Fund and governmental activities general journals. For the General Fund charge Miscellaneous for the interest expenditure. At the government-wide level, debit ExpensesInterest on Tax Anticipation Notes.

14) The General Fund recorded liabilities of $50,000 to other funds for services received from the Water Utility Fund during the year. Of this amount, $39,000 should be charged to Public Safety and $11,000 to General Government. Record the receipt of these services and the associated liability in the General Fund and governmental activities journals. At the government-wide level the liability should be credited to Internal Payables to Business-type Activities. Do not record these items in the Water Utility Fund

15) The year-end balance of supplies inventory is $12,000. Adjust the inventory of supplies account in both the General Fund and governmental activities journals. At the government-wide level expenses in General Government can be reduced by $9,000 and Culture and Recreation can be reduced by $3,000. In the General Fund, fund balance should be classified as nonspendable.

16) The balances in the current taxes receivable and related estimated uncollectibles accounts were reclassified as delinquent. Interest and penalties of $56,580 were also recorded on the delinquent taxes, of which $10,500 was estimated to be uncollectible. Record this transaction and reclassification in the General Fund and governmental activities journals. Property tax revenues should be reduced and Deferred Inflows of Resources should be recorded in the General Fund, since these revenues are considered unavailable under the modified accrual basis of accounting used in governmental funds. Interest and penalties should be recorded as Deferred Inflows of Resources, rather than interest and penalties revenue, in the General Fund. At the government-wide level, the property taxes continue to be included in current year revenue, and interest and penalties are also recorded as current year revenue at the government-wide level.

17)

In view of unexpected revenue and expenditure developments the city council revised the budgets for the current year as shown below:

Budget Adjustments

Estimated Revenues:

Property Tax $ 40,000 increase

Sales Tax 25,000 decrease

Interest and Penalties 25,000 decrease

Appropriations:

Public Safety $ 10,000 decrease

General Government 5,000 increase

Record the budget amendments in the General Fund general journal only. Budgetary items do not affect the government-wide accounting records.

Accounts for the General Fund:

Accounts for Government-Wide:

Account number 1010 1020 1021 1030 1031 1040 1041 1050 1060 1065 1100 1510 2010 2020 2030 2040 2050 2500 2510 2520 2521 2522 2523 Cash Taxes Receivable-Current Allowance for Uncollectible Current Taxes Taxes Receivable-Delinquent Allowance for Uncollectible Delinquent Taxes Interest and Penalties Receivable on Taxes Allowance for Uncollectible Interest and Penalties Due from Other Funds Due from Federal Government Due from State Government Inventory of Supplies Deferred Outflows of Resources Vouchers Pavable Tax Anticipation Notes Payable Due to Other Funds Due to Federal Government Due to State Government Deferred Inflows of Resources Fund Balance-Nonspendable-Inventory of Supplies Fund Balance-Restricted-General Government Fund Balance-Restricted-Public Safety Fund Balance-Restricted-Public Works Fund Balance-Restricted-Health and Welfare Account number 1010 1020 1021 1030 1031 1040 1041 1050 1060 1065 1100 1510 2010 2020 2030 2040 2050 2500 2510 2520 2521 2522 2523 Cash Taxes Receivable-Current Allowance for Uncollectible Current Taxes Taxes Receivable-Delinquent Allowance for Uncollectible Delinquent Taxes Interest and Penalties Receivable on Taxes Allowance for Uncollectible Interest and Penalties Due from Other Funds Due from Federal Government Due from State Government Inventory of Supplies Deferred Outflows of Resources Vouchers Pavable Tax Anticipation Notes Payable Due to Other Funds Due to Federal Government Due to State Government Deferred Inflows of Resources Fund Balance-Nonspendable-Inventory of Supplies Fund Balance-Restricted-General Government Fund Balance-Restricted-Public Safety Fund Balance-Restricted-Public Works Fund Balance-Restricted-Health and Welfare